Punjab National Bank has introduced a new concept of an MCB branch for handling the credit portfolio. These branches will primarily cater to Mid Corporate clients with exposure exceeding ₹50 crore and up to ₹300 crore and group exposure up to ₹600 crore. At present, MCB will open in Delhi, Mumbai, Ahmedabad, Kolkata, Hyderabad, Bangalore, Chennai, Surat, Thane, Vizag, Coimbatore.
Present Credit Structure of PNB
| Credit Vertical | Exposure Limit |
|---|---|
| ELCB | Above ₹500 crore |
| LCB | Above ₹50 crore |
| MCC (Mid Corporate Centres) | Above ₹1 crore |
| PLP (PNB Loan Point) | Above ₹10 lakh |
| CBB (Corporate Banking Branches) | Above ₹10 crore |
| MCB (Mid Corporate Branch) | ₹50 crore to ₹300 crore (group up to ₹600 crore) |
How PNB MCB will be different from MCC?
MCB will function as a complete branch and will have clerks and officers posted in the branch to handle credit and operations work. One clerk will be posted for cash operations and another clerk for non-cash operations.
MCB will be headed by a Scale V officer. MCB Head will be supported by Credit Head (Scale IV) and Operations Head (Scale IV).
The Credit Head, along with the Corporate Relationship Manager (Credit), will manage all accounts completely. They will handle both pre-sanction and post-sanction work so that the entire process is managed smoothly from start to end.
In the MCB system, the work of processing and monitoring accounts has been simplified to improve efficiency and accountability. Earlier, this work was divided between CPC and CMC in LCB, but now it has been combined under MCB. Also, the role of Assessment Officer (AO) has been merged with the Relationship Manager (RM), and the new role is called Corporate Relationship Manager (Credit), which has more responsibilities.
Each Corporate RM (Credit) will handle 15 accounts and will take care of all work related to those accounts, including approval, documentation, and compliance. These officers will report to the Credit Head, who will manage around 30 accounts.
Operations Head, along with the team, will handle routine branch work, including trade and forex operations, to ensure smooth day-to-day functioning, similar to the Operations team at LCB.
One Law Manager will also be posted at each MCB. If a Law Manager is not available, the work will be handled by a Law Manager from the Zonal Office or Circle Office.
